Lucknow: The Uttar Pradesh government has decided to reorganise the Udyog Bandhu - state's facilitating agency to attract investment.

A decision to this effect was taken at a high-level meeting of officials on Tuesday. This, an official told, was done necessarily to "achieve the objective of making Uttar Pradesh the preferred investment destination and to accelerate industrial development".

Legislation is also under consideration with provisions for stringent action against the departments not complying with timeline for issuance of clearances as fixed under the Nivesh Mitra facility of the Udyog Bandhu. The government is also contemplating to engage a 'knowledge partner' for long-term proactive engagement with industries and investors by showcasing new Infrastructure and Industrial Investment Policy, 2012, the official said.

Steps will also be taken to implement e-biz mission mode project that provides 49 services, including state and union government departments, along with new interactive web applications and portals to provide important data to potential investors at a click of the mouse, he added.Proposals to this effect will soon be presented to the state cabinet for approval.